A shortage of affordable housing is leaving a generation
stuck in a “rental logjam”, warns the Local Government Association (LGA).
Analysis shows that almost one in seven private renters (14 per cent) are
spending more than half of their total income on rent. Local government leaders
said the figures highlight the difficulties renters face not just in finding an
affordable home to live in, but in saving up a deposit for a home of their own,
with the average deposit now costing 71 per cent of a first time buyer’s annual
income. The LGA is calling for the
Government to enable the building of a new wave of rented homes that reflect
what families can actually afford – no more than a third of total household
incomes. Read more on the LGA website.
Forced home moves cost renters over half a billion pounds a year
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There were 830,000 unwanted moves in England over the past 12 months,
meaning 40% have been forced to relocate
Unwanted home moves cost renters more than...
5 hours ago
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